Sep 102015
 

I am quoted in an Omaha World-Herald article: “Could a deal for ConAgra be on Buffett’s Plate?” (September 10, 2015).

“This is a logical acquisition candidate because of ConAgra’s brands and leadership positions in its markets,” said David Kass, a finance professor at the University of Maryland and a shareholder of Berkshire Hathaway.
 

With ConAgra shares trading at about $41.50, the acquisition of 432 million shares would cost about $21 billion with a 20 percent premium included.

“This equals the amount Buffett describes as an ‘elephant’ that he is seeking,” said Maryland professor Kass.

 

 Posted by at 2:19 am

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